This document outlines 25 rules for trading discipline as summarized by a successful trader of over 20 years. The rules emphasize the importance of discipline in every trade to achieve success. Key points include: always lower trade size after losses, never turn a winner into a loser by being greedy, accept that you will have losses and love to exit them quickly, and do not exceed your daily loss limit. Sticking to a consistent methodology and not changing strategies daily is also advised. The rules are meant to condition traders to behave with discipline in every aspect of trading.
The document provides disclaimers and information about hypothetical and simulated trading performance. It warns that trading futures and options involves substantial risk of loss. It also contains copyright information for the book "Forex 1 Min Profit" and discusses scalping strategies in forex trading. Scalping involves holding positions for very short periods of time, such as 1-5 minutes, to profit from small price movements. Two specific 1-minute scalping systems using Bollinger Bands and pivot points on GBP/JPY and EUR/USD are described.
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
In this slideshow find the best Forex trading strategies including chart patterns, price rejection, correlation trading, volume-price analysis, long term daily and weekly trading, news and sentiment trading strategies. Besides, you will learn the best money and risk management methods and also the best advice by the experts to control your psychology during your trades.
This document provides guidance on developing an effective trading plan based on price action analysis. It emphasizes allowing the chart to tell its story through identifying trends, support and resistance levels, and chart patterns. Traders are advised to select markets that show the clearest price direction and strongest conviction. A detective-like approach is recommended to stack the odds in the trader's favor through establishing position bias and confluence between different technical indicators. The document stresses the importance of planning trades in advance by defining the chosen market, timeframe, strategy, entry and exit rules, and money management before trading the plan.
This book covers basics of binary options trading and how to trade profitably. Moreover the book also includes basics of different trading concepts including technical analysis, fundamental analysis, money management and much more. www.BinaryOptionsGain.com
This document discusses swing trading tactics and provides an overview of:
1. The 6 major time frames used in trading, including long term, intermediate term, and short term frames. Daily charts are most used by swing traders.
2. The 4 trading styles - wealth building styles of core trading and swing trading, and income producing styles of guerilla trading and micro-trading.
3. Tools for swing trading including using the 20 day and 40 day moving averages to identify entry and exit points in trends on daily charts.
The opening price of a time period is the most important for traders. Wide range bars called "elephant bars" that start a new price move or trigger a continuation are igniting, while later bars of the same size often lead to exhaustion. There are different levels of control for bulls or bears depending on how far the price moves above or below the opening price, with absolute control being at the high or low and control weakening as the distance decreases. Losing 2/3 of the opening range means control has been lost.
The document discusses the scalping trading strategy. It defines scalping as making many small profitable trades over short time periods, from seconds to minutes. Key aspects of scalping include taking short positions, aiming for small profit margins, and using leverage. The strategy outlined uses technical indicators like volume and moving averages to identify opportunities for quick trades when prices gap or pull back. It provides steps for analyzing volume to spot trends and reversals, and explains how to enter and exit trades quickly for small profits.
The document provides disclaimers and information about hypothetical and simulated trading performance. It warns that trading futures and options involves substantial risk of loss. It also contains copyright information for the book "Forex 1 Min Profit" and discusses scalping strategies in forex trading. Scalping involves holding positions for very short periods of time, such as 1-5 minutes, to profit from small price movements. Two specific 1-minute scalping systems using Bollinger Bands and pivot points on GBP/JPY and EUR/USD are described.
Top 8 Forex Trading Strategies That Pro Traders UseSyrous Pejman
In this slideshow find the best Forex trading strategies including chart patterns, price rejection, correlation trading, volume-price analysis, long term daily and weekly trading, news and sentiment trading strategies. Besides, you will learn the best money and risk management methods and also the best advice by the experts to control your psychology during your trades.
This document provides guidance on developing an effective trading plan based on price action analysis. It emphasizes allowing the chart to tell its story through identifying trends, support and resistance levels, and chart patterns. Traders are advised to select markets that show the clearest price direction and strongest conviction. A detective-like approach is recommended to stack the odds in the trader's favor through establishing position bias and confluence between different technical indicators. The document stresses the importance of planning trades in advance by defining the chosen market, timeframe, strategy, entry and exit rules, and money management before trading the plan.
This book covers basics of binary options trading and how to trade profitably. Moreover the book also includes basics of different trading concepts including technical analysis, fundamental analysis, money management and much more. www.BinaryOptionsGain.com
This document discusses swing trading tactics and provides an overview of:
1. The 6 major time frames used in trading, including long term, intermediate term, and short term frames. Daily charts are most used by swing traders.
2. The 4 trading styles - wealth building styles of core trading and swing trading, and income producing styles of guerilla trading and micro-trading.
3. Tools for swing trading including using the 20 day and 40 day moving averages to identify entry and exit points in trends on daily charts.
The opening price of a time period is the most important for traders. Wide range bars called "elephant bars" that start a new price move or trigger a continuation are igniting, while later bars of the same size often lead to exhaustion. There are different levels of control for bulls or bears depending on how far the price moves above or below the opening price, with absolute control being at the high or low and control weakening as the distance decreases. Losing 2/3 of the opening range means control has been lost.
The document discusses the scalping trading strategy. It defines scalping as making many small profitable trades over short time periods, from seconds to minutes. Key aspects of scalping include taking short positions, aiming for small profit margins, and using leverage. The strategy outlined uses technical indicators like volume and moving averages to identify opportunities for quick trades when prices gap or pull back. It provides steps for analyzing volume to spot trends and reversals, and explains how to enter and exit trades quickly for small profits.
1) The document provides steps to design a Forex trading system from scratch, including observation, hypothesis, measuring the hypothesis, selecting a time frame, developing entry and exit rules, and risk management.
2) An example system is described that uses breakouts of the previous day's high and low to enter long or short positions, along with moving averages and Bollinger Bands to determine trend and volatility.
3) Backtesting results of the example system showed steady growth in the equity curve, indicating it was a profitable system.
The document provides biographical details about Oliver Velez, an experienced trader and founder of multiple trading firms. It outlines his career history starting from trading in college in 1984 to present. It describes the various trading firms he established like Pristine Capital Management and Mastertrader.com. It also summarizes his accomplishments like authoring several best-selling trading books. The rest of the document discusses Velez's current trading organization iFundTraders which has multiple teams of traders around the world and its goals to scale up the number of funded traders.
Profit from trapped traders with 2 simple setupsNetpicksTrading
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
The concept of trapped traders is a simple one to understand.
While there are two forms of trapped traders, I only want to focus on one.
The trader who is trapped in a losing position.
These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits.
Issues Of Trapped Traders
The fear and panic by those who enter a trade only to find the market going against them can cause a sudden burst of price movement. This movement in price is caused by these traders exiting their positions and creating order flow in the opposite direction from which they entered the trade.
Whenever you look at the high of a green candle, picture someone hitting their buy button and entering the trade. Flash forward to the next candle being a red momentum candle and that trader who bought the high, is trapped.
To exit, they have to sell.
See more at: http://www.netpicks.com/trapped-traders/
What are some of the advantages of using a scalping strategy to trade the forex market? - Quick profits Entry and exit is usually done within a couple of minutes. This allows for quick profits but can lead to quick losses as well. - Exit is usually within 20 minutes or less - Lots of trades Strategy uses 3 Indicators The strategy uses 3 indicators: pivot points, Fibonacci retracement and the Stochastic Oscillator. The 3 main pivot points both above and below the pivot are used for this system: S1, S2, S3 and R1, R2, R3. The Fibonacci retracement values used are the 0.618, the 0.382 and the 0.500 levels. The Stochastic Oscillator is set at 5,3,3.
60 Second Binary Options Strategy: the complete guideTrade Opus
Complete strategy guide to trading binary options. Use 60 second binary options trading for maximum profit in minimum time. No experience needed. Includes binary options guide and 60 second trading and successful option trading strategies.Avoid common trading mistakes and learn to trade forex, stocks and commodities successfully today.
This document discusses reasons why most traders fail at binary options trading. It identifies greed, lack of patience, having no goals, unrealistic expectations, gambling mindset, inability to accept losses, inconsistency, and poor money management as common reasons for failure. Each topic is then expanded on in one or more paragraphs to provide further explanation and advice to traders. The key to success is identified as having patience, well-defined goals, realistic expectations, treating trading seriously rather than as gambling, accepting that losses will occur, developing consistent strategies, and properly managing risk on each trade.
Oliver L. Velez has written an introduction to trading for a living called "Trade for LifeTM". The document outlines Velez's background and experience as a trader, as well as information about Velez Capital Management (VCM), the trading firm he founded. It discusses some of VCM's core trading strategies and concepts, including analyzing the bars in a chart and applying VCM's "Market Law #1" regarding limits on bullish or bearish moves. The document is meant to introduce readers to Velez's approach to trading as a profession.
Many traders-beginners are sure, that success on Forex depends mainly on a trading strategy and risk management, and don't think about the psychological aspect of the trading. However, emotions may affect trading process very much. The psychology of the Forex trading really exists and it is one of the things that differs a successful trader from a losing one.
Estrategia de trading para los diferentes mercados financieros
Sistema de Trading con indicadores TDI, Estocástico y velas heiken ashi.
Sistema de trading usado para scalping, intradia, swing y position trading.
Ejemplos de compra y venta, videos y recomendaciones.
http://www.CandlestickForums.com
Trading Strategies
Trading Strategies for Playing the Stock Market
Trading strategies discussed in this article include swing trading and day trading. Both are very similar but the main difference between theses two strategies is the time frame in which stocks are bought and held. In today’s article we will discuss both of these strategies as well as the advantages and disadvantages of each.
Swing trading typically involves a smaller position size than when day trading stock online. Additionally, swing traders will typically hold onto stocks for a few days to several weeks and then trade the stock on the basis of its intra-week or intra-month movements. Stop loss orders are placed wider than when day trading as well. When determining exits when swing trading there are rules that every trader should follow. It is very important that the trading strategies as well as the trading rules are understood before placing trades in this fashion. For instance, if the prior day’s low is taken out on the breakout day, or the high for shorts, then the trader should exit the trade. Also, once a trade is held overnight, a stop loss order should be placed no further away than below the recent consolidation area. A move beneath it would indicate a failure.
Swing trading stocks has its advantages and disadvantages as all trading strategies do. Some advantages include that swing traders can place fewer trades, therefore requiring fewer commissions and less chance of making a mistake. Additionally this type of stock trading provides the ability for successful traders to catch more significant multi-day profitable traders. A disadvantage to swing trading is the fact that the higher profit targets come with higher risk per trade. There is also overnight exposure that cannot be predicted.
Day trading stocks requires a larger positions size since you are looking for a smaller move within a short time frame. Unlike swing traders, a day trader may trade a few times per day or more! There are also rules with day trading that every investor should follow. For instance, they should always keep their profit objective at least 3 times greater than what they are willing to risk. Also, day traders should allow no more than 1% move against them from the entry point. There are many more trading strategies and rules when day trading that investors should learn in addition to these two rules.
The document outlines a 5-step swing trading blueprint for managing risk and executing trades. Step 1 is risk management, which teaches how to set risk parameters like trade allocation as a percentage of core equity. It provides examples of conservative, moderate, and aggressive fixed risk models using 1-4% of equity. The optimal trade allocation depends on account size, with smaller accounts using a higher percentage and larger accounts a lower percentage. Overall, the first step establishes how much money can be risked for each trade based on the trader's risk tolerance and account characteristics.
1. THE BEST STRATEGIES THAT CAN BE USED WHEN TRADING
2. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG with THE TREND AND THE LAST CANDLES IS THE LONG WICK CANDLES, IT MEANS THE PRICE POSSIBLY GOING REVERSAL
3. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG, with THE TREND, IT MEANS THE PRICE POSSIBLY GOING REVERSAL.
4. BULLISH CANDLES STICK ( BULLISH ENGULFING) AND BEARISH CANDLESTICK ( BEARISH ENGULFING)
• ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• GREEN CANDLES MEANS THE BULLISH PRICE ACTION
• THREE GREEN CANDLES ALONG THE UPTREND, THEN NEXT CANDLES BECOME RED CANDLES AND THE RED CANDLES APPEAR AT THE RESISTANCE
5. ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• RED CANDLES MEANS THE BEARISH PRICE ACTION
• RED CANDLES ALONG THE DOWNTREND, THEN NEXT CANDLES BECOME GREEN CANDLES AND THE RED CANDLES APPEAR AT THE SUPPORT
6. CANDLES PATTERN THAT WORK IN TRADING
• LONG WICK CANDLES
• INSIDE BAR CANDLES
• MOMENTUM CANDLES
• MULTIPLE CANDLES REJECTION
7. LONG WICK CANDLE
• THE LONG WICK CANDLE IN THE PICTURE REPRESENTS THE SELLERS TRIES TO PUSH THE PRICE DOWN BUT FAILED, SO THE WICK TO STICK OUT.
• AS YOU CAN SEE IN THE PICTURE, IN THE DOWNTREND, THERE HAS THREE RED CANDLES, THEREFORE ONE GREEN CANDLES AND THE GREEN CANDLES REPRESENT THE LONG WICK CANDLES, SO MEANS THE PRICE ACTION GOING REVERSAL.
8. INSIDE BAR CANDLES
• THE HIGH AND LOW OF THE CANDLES IS INSIDE THE HIGH AND LOW OF PREVIOUS CANDLES
• MEANS MOMENTUM LOSS OCCURRING
• AS THE PICTURE BESIDES, SHOW THE PRICE ACTION FAILED TO MAKE HIGHER HIGH
• MEANS THE PRICE ACTION GOING REVERSAL
9. MOMENTUM CANDLES
• THE CANDLE BODY IS BIGGER THAN THE PREVIOUS CANDLE BODY.
• MORE CONFIRMATION FOR THE MARKET
• THE MOMENTUM CANDLES IN THE PICTURE BESIDES SHOW THE MORE CONFIRMATION THE MARKET IS GOING DOWNWARD TREND
10. MULTIPLE CANDLES REJECTION
• MORE THAN ONE CANDLES REJECT THE KEY LEVEL
• SHOW THAT PRICE TRIED OVER AGAIN AND AGAIN TO PUSH TO THE LEVEL BUT FAILED
11. STACK CANDLESTICK PATTERNS TOGETHER
• DIFFERENT CANDLES PATTERNS TOGETHER
• AS THE PICTURE SHOWS HAS THREE DIFFERENT CANDLESTICK PATTERNS, WHICH ARE INSIDE BAR, MOMENTUM AND CANDLES GETTING SMALLER AND SMALLER ALONG THE UPTREND.
12. THANK YOU
This ebook contains forex trading strategy about engulfing candlestick trading.
.
trade forex with only using 2 candlestick. that is engulfing candlestick.
.
in this ebook, you will learn candlestick information, what is the confirmation on the candlestick reversal signal and the 2 engulfing candlestick entry strategy.
Join CMT Level Program Courses & become a professional Technical Analyst, CMT USA Best COACHING CLASSES. CMT Institute Live Classes by Expert Faculty. Exams are available in India. Best Career in Financial Market.
https://www.ptaindia.com/chartered-market-technician/
The document discusses candlestick patterns and how to interpret them. It defines what a candlestick is and how it depicts the battle between buyers and sellers. It explains bullish and bearish candlestick formations and provides examples like bullish engulfing, morning star, and tweezer bottom patterns. The document advises traders to watch for these patterns and provides guidelines for entering positions based on the formations.
The document discusses the psychology of successful trading and risk management. It identifies several pitfalls that traders face such as overtrading due to greed, lack of discipline, lack of a trading plan or system, and poor risk management. It emphasizes that risk management is crucial and that traders need to control risk rather than letting it control them. It also provides an example of how losses can rapidly deplete an account if risk is not properly managed.
This document is the introduction to a book about forex trading. It outlines the contents of the book, which is divided into four parts. Part one covers basic forex concepts. Part two details eight forex trading strategies, including chart pattern trading and price rejection trading. Part three explains how to combine knowledge and strategies to achieve high performance trades with over 90% winning rates. Part four provides final advice for forex traders. The book aims to create a balanced system for having a solid trading strategy, managing risks, controlling emotions during trades, and maintaining discipline.
forex trading strategy that you can make money with. Can also be use by using your android and iphone metatrader.
The settings on the indicator are easy to setup. The strategy best time frame is h4 and hourly chart.
http://www.pipsumo.com/2017/04/parabolic-sar-trading-strategy.html
This document discusses the importance of trading discipline. It identifies the three key components to trading success as content, mechanics, and discipline. Discipline is described as the most important component. The document then lists 25 rules of trading discipline that traders should follow to be successful. Some of the key rules include always lowering trade size when trading poorly, never turning a winner into a loser by being greedy, developing and sticking to a consistent methodology, and getting out of losing trades quickly. Following these discipline rules at all times is emphasized as the path to increased trading profits.
This document discusses the importance of trading discipline. It identifies the three key components to trading success as content, mechanics, and discipline. Discipline is described as the most important component. The document then lists 25 specific rules of trading discipline that traders should follow to be successful. Some of the key rules include exiting losing trades quickly, lowering trade size when performing poorly, not being greedy with winning trades, and developing and sticking to a consistent trading methodology. Maintaining discipline in every trade is emphasized as the most critical factor.
1) The document provides steps to design a Forex trading system from scratch, including observation, hypothesis, measuring the hypothesis, selecting a time frame, developing entry and exit rules, and risk management.
2) An example system is described that uses breakouts of the previous day's high and low to enter long or short positions, along with moving averages and Bollinger Bands to determine trend and volatility.
3) Backtesting results of the example system showed steady growth in the equity curve, indicating it was a profitable system.
The document provides biographical details about Oliver Velez, an experienced trader and founder of multiple trading firms. It outlines his career history starting from trading in college in 1984 to present. It describes the various trading firms he established like Pristine Capital Management and Mastertrader.com. It also summarizes his accomplishments like authoring several best-selling trading books. The rest of the document discusses Velez's current trading organization iFundTraders which has multiple teams of traders around the world and its goals to scale up the number of funded traders.
Profit from trapped traders with 2 simple setupsNetpicksTrading
http://www.netpicks.com/tjgiveaway1 - YOUR FREE TRADING SYSTEM
The concept of trapped traders is a simple one to understand.
While there are two forms of trapped traders, I only want to focus on one.
The trader who is trapped in a losing position.
These traders, by virtue of being on the wrong side of the market, can help propel your trade when they hit the exits.
Issues Of Trapped Traders
The fear and panic by those who enter a trade only to find the market going against them can cause a sudden burst of price movement. This movement in price is caused by these traders exiting their positions and creating order flow in the opposite direction from which they entered the trade.
Whenever you look at the high of a green candle, picture someone hitting their buy button and entering the trade. Flash forward to the next candle being a red momentum candle and that trader who bought the high, is trapped.
To exit, they have to sell.
See more at: http://www.netpicks.com/trapped-traders/
What are some of the advantages of using a scalping strategy to trade the forex market? - Quick profits Entry and exit is usually done within a couple of minutes. This allows for quick profits but can lead to quick losses as well. - Exit is usually within 20 minutes or less - Lots of trades Strategy uses 3 Indicators The strategy uses 3 indicators: pivot points, Fibonacci retracement and the Stochastic Oscillator. The 3 main pivot points both above and below the pivot are used for this system: S1, S2, S3 and R1, R2, R3. The Fibonacci retracement values used are the 0.618, the 0.382 and the 0.500 levels. The Stochastic Oscillator is set at 5,3,3.
60 Second Binary Options Strategy: the complete guideTrade Opus
Complete strategy guide to trading binary options. Use 60 second binary options trading for maximum profit in minimum time. No experience needed. Includes binary options guide and 60 second trading and successful option trading strategies.Avoid common trading mistakes and learn to trade forex, stocks and commodities successfully today.
This document discusses reasons why most traders fail at binary options trading. It identifies greed, lack of patience, having no goals, unrealistic expectations, gambling mindset, inability to accept losses, inconsistency, and poor money management as common reasons for failure. Each topic is then expanded on in one or more paragraphs to provide further explanation and advice to traders. The key to success is identified as having patience, well-defined goals, realistic expectations, treating trading seriously rather than as gambling, accepting that losses will occur, developing consistent strategies, and properly managing risk on each trade.
Oliver L. Velez has written an introduction to trading for a living called "Trade for LifeTM". The document outlines Velez's background and experience as a trader, as well as information about Velez Capital Management (VCM), the trading firm he founded. It discusses some of VCM's core trading strategies and concepts, including analyzing the bars in a chart and applying VCM's "Market Law #1" regarding limits on bullish or bearish moves. The document is meant to introduce readers to Velez's approach to trading as a profession.
Many traders-beginners are sure, that success on Forex depends mainly on a trading strategy and risk management, and don't think about the psychological aspect of the trading. However, emotions may affect trading process very much. The psychology of the Forex trading really exists and it is one of the things that differs a successful trader from a losing one.
Estrategia de trading para los diferentes mercados financieros
Sistema de Trading con indicadores TDI, Estocástico y velas heiken ashi.
Sistema de trading usado para scalping, intradia, swing y position trading.
Ejemplos de compra y venta, videos y recomendaciones.
http://www.CandlestickForums.com
Trading Strategies
Trading Strategies for Playing the Stock Market
Trading strategies discussed in this article include swing trading and day trading. Both are very similar but the main difference between theses two strategies is the time frame in which stocks are bought and held. In today’s article we will discuss both of these strategies as well as the advantages and disadvantages of each.
Swing trading typically involves a smaller position size than when day trading stock online. Additionally, swing traders will typically hold onto stocks for a few days to several weeks and then trade the stock on the basis of its intra-week or intra-month movements. Stop loss orders are placed wider than when day trading as well. When determining exits when swing trading there are rules that every trader should follow. It is very important that the trading strategies as well as the trading rules are understood before placing trades in this fashion. For instance, if the prior day’s low is taken out on the breakout day, or the high for shorts, then the trader should exit the trade. Also, once a trade is held overnight, a stop loss order should be placed no further away than below the recent consolidation area. A move beneath it would indicate a failure.
Swing trading stocks has its advantages and disadvantages as all trading strategies do. Some advantages include that swing traders can place fewer trades, therefore requiring fewer commissions and less chance of making a mistake. Additionally this type of stock trading provides the ability for successful traders to catch more significant multi-day profitable traders. A disadvantage to swing trading is the fact that the higher profit targets come with higher risk per trade. There is also overnight exposure that cannot be predicted.
Day trading stocks requires a larger positions size since you are looking for a smaller move within a short time frame. Unlike swing traders, a day trader may trade a few times per day or more! There are also rules with day trading that every investor should follow. For instance, they should always keep their profit objective at least 3 times greater than what they are willing to risk. Also, day traders should allow no more than 1% move against them from the entry point. There are many more trading strategies and rules when day trading that investors should learn in addition to these two rules.
The document outlines a 5-step swing trading blueprint for managing risk and executing trades. Step 1 is risk management, which teaches how to set risk parameters like trade allocation as a percentage of core equity. It provides examples of conservative, moderate, and aggressive fixed risk models using 1-4% of equity. The optimal trade allocation depends on account size, with smaller accounts using a higher percentage and larger accounts a lower percentage. Overall, the first step establishes how much money can be risked for each trade based on the trader's risk tolerance and account characteristics.
1. THE BEST STRATEGIES THAT CAN BE USED WHEN TRADING
2. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG with THE TREND AND THE LAST CANDLES IS THE LONG WICK CANDLES, IT MEANS THE PRICE POSSIBLY GOING REVERSAL
3. THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• THE CANDLES GETTING SMALLER AND SMALLER AS APPROACH THE SUPPORT OR RESISTANCE
• WHEN THE CANDLES GETTING SMALLER AND SMALLER ALONG, with THE TREND, IT MEANS THE PRICE POSSIBLY GOING REVERSAL.
4. BULLISH CANDLES STICK ( BULLISH ENGULFING) AND BEARISH CANDLESTICK ( BEARISH ENGULFING)
• ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• GREEN CANDLES MEANS THE BULLISH PRICE ACTION
• THREE GREEN CANDLES ALONG THE UPTREND, THEN NEXT CANDLES BECOME RED CANDLES AND THE RED CANDLES APPEAR AT THE RESISTANCE
5. ALL THE GREEN CANDLES ALONG THE UPTREND
• THE CANDLES COLOUR CHANGES AT THE SUPPORT OR RESISTANCE LEVEL
• RED CANDLES MEANS THE BEARISH PRICE ACTION
• RED CANDLES ALONG THE DOWNTREND, THEN NEXT CANDLES BECOME GREEN CANDLES AND THE RED CANDLES APPEAR AT THE SUPPORT
6. CANDLES PATTERN THAT WORK IN TRADING
• LONG WICK CANDLES
• INSIDE BAR CANDLES
• MOMENTUM CANDLES
• MULTIPLE CANDLES REJECTION
7. LONG WICK CANDLE
• THE LONG WICK CANDLE IN THE PICTURE REPRESENTS THE SELLERS TRIES TO PUSH THE PRICE DOWN BUT FAILED, SO THE WICK TO STICK OUT.
• AS YOU CAN SEE IN THE PICTURE, IN THE DOWNTREND, THERE HAS THREE RED CANDLES, THEREFORE ONE GREEN CANDLES AND THE GREEN CANDLES REPRESENT THE LONG WICK CANDLES, SO MEANS THE PRICE ACTION GOING REVERSAL.
8. INSIDE BAR CANDLES
• THE HIGH AND LOW OF THE CANDLES IS INSIDE THE HIGH AND LOW OF PREVIOUS CANDLES
• MEANS MOMENTUM LOSS OCCURRING
• AS THE PICTURE BESIDES, SHOW THE PRICE ACTION FAILED TO MAKE HIGHER HIGH
• MEANS THE PRICE ACTION GOING REVERSAL
9. MOMENTUM CANDLES
• THE CANDLE BODY IS BIGGER THAN THE PREVIOUS CANDLE BODY.
• MORE CONFIRMATION FOR THE MARKET
• THE MOMENTUM CANDLES IN THE PICTURE BESIDES SHOW THE MORE CONFIRMATION THE MARKET IS GOING DOWNWARD TREND
10. MULTIPLE CANDLES REJECTION
• MORE THAN ONE CANDLES REJECT THE KEY LEVEL
• SHOW THAT PRICE TRIED OVER AGAIN AND AGAIN TO PUSH TO THE LEVEL BUT FAILED
11. STACK CANDLESTICK PATTERNS TOGETHER
• DIFFERENT CANDLES PATTERNS TOGETHER
• AS THE PICTURE SHOWS HAS THREE DIFFERENT CANDLESTICK PATTERNS, WHICH ARE INSIDE BAR, MOMENTUM AND CANDLES GETTING SMALLER AND SMALLER ALONG THE UPTREND.
12. THANK YOU
This ebook contains forex trading strategy about engulfing candlestick trading.
.
trade forex with only using 2 candlestick. that is engulfing candlestick.
.
in this ebook, you will learn candlestick information, what is the confirmation on the candlestick reversal signal and the 2 engulfing candlestick entry strategy.
Join CMT Level Program Courses & become a professional Technical Analyst, CMT USA Best COACHING CLASSES. CMT Institute Live Classes by Expert Faculty. Exams are available in India. Best Career in Financial Market.
https://www.ptaindia.com/chartered-market-technician/
The document discusses candlestick patterns and how to interpret them. It defines what a candlestick is and how it depicts the battle between buyers and sellers. It explains bullish and bearish candlestick formations and provides examples like bullish engulfing, morning star, and tweezer bottom patterns. The document advises traders to watch for these patterns and provides guidelines for entering positions based on the formations.
The document discusses the psychology of successful trading and risk management. It identifies several pitfalls that traders face such as overtrading due to greed, lack of discipline, lack of a trading plan or system, and poor risk management. It emphasizes that risk management is crucial and that traders need to control risk rather than letting it control them. It also provides an example of how losses can rapidly deplete an account if risk is not properly managed.
This document is the introduction to a book about forex trading. It outlines the contents of the book, which is divided into four parts. Part one covers basic forex concepts. Part two details eight forex trading strategies, including chart pattern trading and price rejection trading. Part three explains how to combine knowledge and strategies to achieve high performance trades with over 90% winning rates. Part four provides final advice for forex traders. The book aims to create a balanced system for having a solid trading strategy, managing risks, controlling emotions during trades, and maintaining discipline.
forex trading strategy that you can make money with. Can also be use by using your android and iphone metatrader.
The settings on the indicator are easy to setup. The strategy best time frame is h4 and hourly chart.
http://www.pipsumo.com/2017/04/parabolic-sar-trading-strategy.html
This document discusses the importance of trading discipline. It identifies the three key components to trading success as content, mechanics, and discipline. Discipline is described as the most important component. The document then lists 25 rules of trading discipline that traders should follow to be successful. Some of the key rules include always lowering trade size when trading poorly, never turning a winner into a loser by being greedy, developing and sticking to a consistent methodology, and getting out of losing trades quickly. Following these discipline rules at all times is emphasized as the path to increased trading profits.
This document discusses the importance of trading discipline. It identifies the three key components to trading success as content, mechanics, and discipline. Discipline is described as the most important component. The document then lists 25 specific rules of trading discipline that traders should follow to be successful. Some of the key rules include exiting losing trades quickly, lowering trade size when performing poorly, not being greedy with winning trades, and developing and sticking to a consistent trading methodology. Maintaining discipline in every trade is emphasized as the most critical factor.
The document provides guidance for traders on developing a successful trading strategy and overcoming psychological obstacles. It discusses that trading rules are easy to learn but difficult to apply in live markets. Traders must determine their individual weaknesses and find ways to execute strategies properly despite psychological and external conflicts. Maintaining a suitable strategy for market conditions is key to avoiding losses from improper strategy application. The document emphasizes trading mechanically without trying to predict the future or dwelling on missed opportunities.
This document provides trading tips and rules for success from Commodity Trading Research. It outlines several common bad habits traders experience like holding losing positions too long, selling winners too early, trading too frequently without profits. It then presents six essential rules for traders, including being selective in trades and only taking those that match your plan, setting price limits to admit mistakes, accepting you will be wrong sometimes, having profit-taking plans, trading with trends not trying to pick tops and bottoms, and not becoming emotionally attached to positions. The document emphasizes the importance of discipline and risk assessment in long-term trading success.
This document provides trading tips and rules for successful commodity trading from Commodity Trading Research. It outlines several common bad habits traders engage in, such as holding losing positions too long, trading too frequently, and becoming emotionally attached to positions. It then presents six essential rules for traders, including being selective in trades and having predefined price levels for admitting mistakes and taking profits. The document emphasizes the importance of discipline, maintaining a balanced attitude, and always considering potential losses over hoped for gains.
The document provides an overview of the Low Maintenance Trading (LMT) strategy. It discusses several key aspects of LMT including:
- Trading longer timeframes like daily charts which reduces stress and increases chances of success.
- Trading with the trend by identifying periods of higher highs and lower lows.
- Using appropriate stop losses with enough "breathing space" to avoid being stopped out by random market noise.
- Protecting profits by moving the stop loss to break even once a trade is in profit to create a risk-free trade.
- Only taking high probability trades and avoiding trading when opportunities are not present.
http://www.premiertraderuniversity.com/system - Free Trading System
The quick movement in prices makes it easy for traders to get sucked into taking trades outside their normal plan or at prices far worse than they really should. Even though the additional movement is likely to generate far more opportunities, somehow the fear of missing out (fomo) in trading seizes control of the trader and their subsequent decisions become rash.
This document discusses the importance of having an exit strategy when trading. It notes that while traders focus on finding good entry opportunities, most overlook how to exit trades and take profits. Without knowing when and where to exit, traders can face large losses or watch profits evaporate. The document advocates having preset stop losses to limit risk on each trade to a fixed percentage of one's account balance. It also suggests taking some profits on trades as they rise to lock in gains while still letting part of the position run for larger profits. Consistently applying an exit strategy with targets for losses and partial profit-taking can help traders avoid emotional decisions and increase long-term gains.
http://www.premiertraderuniversity.com/ptucourse -- Free Trading Course
The power of quitting while you’re ahead in trading should not be underestimated, but unfortunately it often
is. At Netpicks.com we really take this to heart and as part of our day trading rules, we clearly outline in our
trade plans how many winning trades we can take before stopping for the session. I want to outline a few
ideas about the power of quitting (POQ) as there are some people who still don’t “believe” in it as a useful
principle.
Articles from the lead educators and professional traders in the MrTopStep IM-Pro Trading Room. Our gift to you. See why no other room has the range of top experts we do, calling out trades as they make them and supporting both new and experienced traders, including some of the best in the world.
Trade Forex From Home - 10 Biggest Mistakes New Forex Traders Make (And How T...ForexTraining
Its a fact that 94% of new Forex traders fail. Read the '10 Biggest Mistakes New Traders Make' so you don't make them too. The report has been written by me, Annabel Meade from http://www.tradeforexfromhome.com. I educate people to work less and earn more trading the Forex market. How much would you like to earn working 15 hours or less per week?
This document provides an introduction and overview of trading concepts from the perspective of David M. Knight. Some key points:
- Trading requires learning from experience over time as the best teacher is experience in the markets. Understanding trends, waves, and support and resistance is important.
- Determining the overall trend of the market using the 50-day and 200-day simple moving averages on daily charts helps understand the mass trader psychology.
- Markets move in wave patterns, so understanding the type of waves (i.e. volatile vs. smooth) helps determine the best times to trade.
- Considering volume, volatility, and velocity (the 3 V's) along with risk versus volume can help optimize
This document summarizes Steve Burns' book "Trading Habits: 39 of the World's Most Powerful Stock Market Rules". It discusses developing good trading habits through establishing rules and practicing discipline. Specific rules covered include having a trading system with a high win rate or large wins/small losses, basing trades on quantifiable signals rather than opinions, and using proper position sizing. The goal is to cut losses short but let winners run in order to be profitable even with a lower win rate.
Commodity trading can generate significant wealth but requires discipline. Unlike stocks, commodities generally increase in value over time due to factors like population growth. However, commodity prices are also influenced by geopolitics, disasters, and supply and demand imbalance. While large gains are possible, commodity trading also carries risk of sizable losses without the right approach. The document provides guidelines for disciplined commodity trading, such as following trends, setting stop losses, and avoiding overconfidence, impatience or borrowing to trade.
Successful traders have disciplined habits and trading techniques that separate them from others. The key traits include having a clear objective, using a suitable trading system for their personality and risk tolerance, drawing a plan and strictly executing it, properly sizing positions based on risk level, being willing to accept losses, carefully recording all trades, taking responsibility for their own decisions, maintaining a learning attitude, believing in themselves and their system, periodically reviewing their system, and approaching trading like a game by following rules and strategies without emotional attachment to wins or losses. These traits allow successful traders to remain objective and consistent in their approach.
http://www.premiertraderuniversity.com/ptucourse -- PTU Trading Course!
All data on your charts is historical – you’re only able to assess what has happened already. As smart as you are you can never really know who is sitting ready to act and so a big trade or unexpected event can change everyone’s perspective of what a fair price currently is – regardless of what has traded before.
Then there’s the fact that the market can make you wrong for a tick whether or not the concept for a specific trade was valid or not. Until you’ve closed the trade, you cannot be certain that it will achieve your profit target.
So if we know we will be wrong at various points in our trading, then what’s the reason why we often see traders having a hard time in “letting go” of unsuccessful trades? Surely by knowing that we are all but certain to take losing trades on any given day, it should be easy to just click the mouse and exit the trade, right?
http://www.netpicks.com/trading-article/never-be-wrong-again/
Setups (and triggers) are talked about quite a bit in forums and in personal conversations with traders. Rarely do I hear people talk about exits. Everyone has their own take but I believe it is the exits that are the most important part of a trade. How you manage exits will be the deciding factor on your potential for trading success.
YOUR FREE TRADING SYSTEM: http://www.netpicks.com/tjgiveaway1
Throughout my relationship with Netpicks, I have communicated with many traders and those who entertain visions of becoming a profitable trader. What is quite staggering is the number of people who are not equipped for the road leading to trading success.
What do I mean by equipped for trading?
It’s not that I think I am an excellent judge of potential but it’s what people say (or don’t say) that tips you off that trading is probably not for them.
Read more: http://www.netpicks.com/4-areas-you-must-cover/
https://tradegenie.com - Empowering Your Success Daily: Our commitment to delivering profitable trades daily sets us apart. With a deep understanding of the markets, we provide you with consistent opportunities to capitalize on. Join us to experience a trading journey where success is a constant, and profits are granted every day.
Gender and Mental Health - Counselling and Family Therapy Applications and In...PsychoTech Services
A proprietary approach developed by bringing together the best of learning theories from Psychology, design principles from the world of visualization, and pedagogical methods from over a decade of training experience, that enables you to: Learn better, faster!
Philippine Edukasyong Pantahanan at Pangkabuhayan (EPP) CurriculumMJDuyan
(𝐓𝐋𝐄 𝟏𝟎𝟎) (𝐋𝐞𝐬𝐬𝐨𝐧 𝟏)-𝐏𝐫𝐞𝐥𝐢𝐦𝐬
𝐃𝐢𝐬𝐜𝐮𝐬𝐬 𝐭𝐡𝐞 𝐄𝐏𝐏 𝐂𝐮𝐫𝐫𝐢𝐜𝐮𝐥𝐮𝐦 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞𝐬:
- Understand the goals and objectives of the Edukasyong Pantahanan at Pangkabuhayan (EPP) curriculum, recognizing its importance in fostering practical life skills and values among students. Students will also be able to identify the key components and subjects covered, such as agriculture, home economics, industrial arts, and information and communication technology.
𝐄𝐱𝐩𝐥𝐚𝐢𝐧 𝐭𝐡𝐞 𝐍𝐚𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐒𝐜𝐨𝐩𝐞 𝐨𝐟 𝐚𝐧 𝐄𝐧𝐭𝐫𝐞𝐩𝐫𝐞𝐧𝐞𝐮𝐫:
-Define entrepreneurship, distinguishing it from general business activities by emphasizing its focus on innovation, risk-taking, and value creation. Students will describe the characteristics and traits of successful entrepreneurs, including their roles and responsibilities, and discuss the broader economic and social impacts of entrepreneurial activities on both local and global scales.
Andreas Schleicher presents PISA 2022 Volume III - Creative Thinking - 18 Jun...EduSkills OECD
Andreas Schleicher, Director of Education and Skills at the OECD presents at the launch of PISA 2022 Volume III - Creative Minds, Creative Schools on 18 June 2024.
A Visual Guide to 1 Samuel | A Tale of Two HeartsSteve Thomason
These slides walk through the story of 1 Samuel. Samuel is the last judge of Israel. The people reject God and want a king. Saul is anointed as the first king, but he is not a good king. David, the shepherd boy is anointed and Saul is envious of him. David shows honor while Saul continues to self destruct.
How to Setup Default Value for a Field in Odoo 17Celine George
In Odoo, we can set a default value for a field during the creation of a record for a model. We have many methods in odoo for setting a default value to the field.
A Free 200-Page eBook ~ Brain and Mind Exercise.pptxOH TEIK BIN
(A Free eBook comprising 3 Sets of Presentation of a selection of Puzzles, Brain Teasers and Thinking Problems to exercise both the mind and the Right and Left Brain. To help keep the mind and brain fit and healthy. Good for both the young and old alike.
Answers are given for all the puzzles and problems.)
With Metta,
Bro. Oh Teik Bin 🙏🤓🤔🥰